In yesterday’s Wall Street session, ATI Inc. (NYSE:ATI) shares traded at $45.51, down -1.17% from the previous session.
8 analysts cover ATI Inc. (NYSE:ATI), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $52.00 and a low of $42.00, we find $47.00. Given the previous closing price of $46.05, this indicates a potential upside of 2.06 percent. ATI stock price is now 17.30% away from the 50-day moving average and 29.94% away from the 200-day moving average. The market capitalization of the company currently stands at $5.74B.
The stock has received a hold rating from 0 analysts and a buy rating from 6. Brokers who have rated the stock have averaged $47.57 as their price target over the next twelve months.
With the price target maintained at $33, Wolfe Research recently Upgraded its rating from Peer Perform to Outperform for ATI Inc. (NYSE: ATI).
In other news, Davis Elliot S, Chief Legal & Compl. Officer sold 7,039 shares of the company’s stock on Jun 29. The stock was sold for $299,158 at an average price of $42.50. Upon completion of the transaction, the Chief Legal & Compl. Officer now directly owns 141,627 shares in the company, valued at $6.45 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 12, Chief Legal & Compl. Officer Davis Elliot S sold 7,039 shares of the business’s stock. A total of $281,560 was realized by selling the stock at an average price of $40.00. This leaves the insider owning 148,666 shares of the company worth $6.77 million. Insiders disposed of 227,191 shares of company stock worth roughly $10.34 million over the past 1 year. A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ATI stock. A new stake in ATI Inc. shares was purchased by ANOMALY CAPITAL MANAGEMENT, LP during the first quarter worth $56,953,000. 1832 ASSET MANAGEMENT L.P. invested $56,858,000 in shares of ATI during the first quarter. In the first quarter, LOOMIS SAYLES & CO L P acquired a new stake in ATI Inc. valued at approximately $25,877,000. APIS CAPITAL ADVISORS, LLC acquired a new stake in ATI for approximately $9,921,000. LISANTI CAPITAL GROWTH, LLC purchased a new stake in ATI valued at around $8,784,000 in the second quarter. In total, there are 408 active investors with 106.53% ownership of the company’s stock.
On Tuesday morning ATI Inc. (NYSE: ATI) stock kicked off with the opening price of $46.50. During the past 12 months, ATI Inc. has had a low of $21.40 and a high of $46.11. As of last week, the company has a debt-to-equity ratio of 1.58, a current ratio of 2.80, and a quick ratio of 1.20. The fifty day moving average price for ATI is $38.94 and a two-hundred day moving average price translates $35.10 for the stock.
The latest earnings results from ATI Inc. (NYSE: ATI) was released for Mar, 2023. According to the Metal Fabrication Company, earnings per share came in at $0.49, beating analysts’ expectations of $0.48 by 0.01. This compares to $0.23 EPS in the same period last year. The net profit margin was 4.20% and return on equity was 18.30% for ATI. The company reported revenue of $1.04 billion for the quarter, compared to $834.1 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.46 percent. For the current quarter, analysts expect ATI to generate $1.07B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/08/2016. Investors who held shares on 08/18/2016 were paid a $0.08 dividend.
ATI Inc.(ATI) Company Profile
ATI Inc. manufactures and sells specialty materials and components worldwide. It operates in two segments: High Performance Materials & Components (HPMC) and Advanced Alloys & Solutions (AA&S). The HPMC segment produces various materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, as well as precision forgings, components, and machined parts. The segment serves aerospace and defense, medical, and energy markets. The AA&S segment produces zirconium and related alloys, including hafnium and niobium, nickel-based alloys, titanium and titanium-based alloys, and specialty alloys in a variety of forms, such as plate, sheet, and precision rolled strip products. It also provides hot-rolling conversion services, including carbon steel products. This segment offers its solutions to the energy, aerospace and defense, automotive, and electronics markets. The company was formerly known as Allegheny Technologies Incorporated. ATI Inc. was founded in 1960 and is headquartered in Dallas, Texas.
